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re: Make no mistake, Silicon Valley Bank was woke

Posted on 3/12/23 at 8:04 am to
Posted by JustSmokin
Member since Sep 2007
9151 posts
Posted on 3/12/23 at 8:04 am to
quote:

It’s already failed and has been closed down.

They are reopening on Monday to allow customers to withdraw their money up to the insured amount of 250k. I can only imagine the shitshow that will occur tomorrow.
Posted by UncleFestersLegs
Member since Nov 2010
11039 posts
Posted on 3/12/23 at 9:09 am to
quote:

can only imagine the shitshow that will occur tomorrow.
oprah has $600 mil in SVC. She camped out like Krzyzewskiville
Posted by keakar
Member since Jan 2017
30152 posts
Posted on 3/12/23 at 12:54 pm to
quote:


They are reopening on Monday to allow customers to withdraw their money up to the insured amount of 250k. I can only imagine the shitshow that will occur tomorrow.




well if they cap withdrawals to the $250k for corperations and the $100k or $150k for individuals, then they might be able to make it through lunchtime or maybe most of the day, if not, then i see them running out of money after 30 minutes of the doors opening if not sooner.

it will be really interesting to see who gets their money out first, if its special woke progressive people chosen to escape being bankrupted by this.

im betting select woke progressives will be made whole, and the small investors will get wiped out completely, even though the opposite is what should happen with these things.
This post was edited on 3/12/23 at 12:56 pm
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